Orestone Prepares for AirMT Survey at Captain Gold Porphyry Project, BC
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) has announced plans for an airborne MagnetoTelluric (AirMT) survey at its Captain Gold Porphyry Project in North Central BC. The survey will focus on the T-2 conductivity target, covering 18 lines at 7.2 kilometers in length, totaling 157 line kilometers, scheduled for summer 2025.
The Captain Project, located 40 kilometers north of Fort St. James and 30 kilometers south of Mt. Milligan copper-gold mine, features a gold-dominant porphyry system within a 5-kilometer N-S trending corridor. The central T1 target has shown promising results with gold-copper mineralization zones grading 0.20 to 0.84 g/t gold and 0.05-0.11 percent copper.
The property has attracted major producers including Centerra Gold, IAMGOLD, and New Gold to stake surrounding claims. The project is fully permitted and drill-ready, with the upcoming AirMT survey designed to effectively define conductive porphyry targets for systematic drill testing.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) ha annunciato piani per un'indagine MagnetoTellurica aerea (AirMT) presso il suo Captain Gold Porphyry Project nel nord-centrale della Columbia Britannica. L'indagine si concentrer脿 sull'obiettivo di conducibilit脿 T-2, coprendo 18 linee lunghe 7,2 chilometri, per un totale di 157 chilometri di linee, programmata per l'estate del 2025.
Il Progetto Captain, situato a 40 chilometri a nord di Fort St. James e a 30 chilometri a sud della miniera di rame-oro Mt. Milligan, presenta un sistema porfirico dominato dall'oro all'interno di un corridoio lungo 5 chilometri con orientamento N-S. L'obiettivo centrale T1 ha mostrato risultati promettenti con zone di mineralizzazione oro-rame che presentano gradi di 0,20 a 0,84 g/t di oro e 0,05-0,11 percento di rame.
La propriet脿 ha attratto grandi produttori tra cui Centerra Gold, IAMGOLD e New Gold per rivendicare le concessioni circostanti. Il progetto 猫 completamente autorizzato e pronto per la perforazione, con l'imminente indagine AirMT progettata per definire in modo efficace gli obiettivi porfirici conduttivi per test sistematici di perforazione.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) ha anunciado planes para una encuesta MagnetoTellurica a茅rea (AirMT) en su Captain Gold Porphyry Project en el centro-norte de Columbia Brit谩nica. La encuesta se centrar谩 en el objetivo de conductividad T-2, cubriendo 18 l铆neas de 7.2 kil贸metros de longitud, totalizando 157 kil贸metros de l铆neas, programada para el verano de 2025.
El Proyecto Captain, ubicado a 40 kil贸metros al norte de Fort St. James y a 30 kil贸metros al sur de la mina de cobre-oro Mt. Milligan, presenta un sistema porfir铆tico dominante en oro dentro de un corredor de 5 kil贸metros en direcci贸n N-S. El objetivo central T1 ha mostrado resultados prometedores con zonas de mineralizaci贸n de oro-cobre que presentan grados de 0.20 a 0.84 g/t de oro y 0.05-0.11 por ciento de cobre.
La propiedad ha atra铆do a grandes productores como Centerra Gold, IAMGOLD y New Gold para reclamar las concesiones circundantes. El proyecto est谩 completamente autorizado y listo para perforaci贸n, con la pr贸xima encuesta AirMT dise帽ada para definir de manera efectiva los objetivos porfir铆ticos conductivos para pruebas sistem谩ticas de perforaci贸n.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF)電� 攵侅攵� 敫岆Μ韹办嫓旎熂牍勳晞鞐� 鞙勳箻頃� Captain Gold Porphyry Project鞐愳劀 瓿奠 鞝勳瀽旮� 韮愳偓(AirMT) 臁办偓毳� 瓿勴殟頃橁碃 鞛堧嫟瓿� 氚滍憸頄堨姷雼堧嫟. 鞚� 臁办偓電� T-2 鞝勲弰霃� 氇╉憸鞐� 齑堨爯鞚� 毵烄稊氅�, 7.2韨氙疙劙 旮胳澊鞚� 18臧� 霛检澑鞚� 韽暔頃橃棳 齑� 157韨氙疙劙鞚� 霛检澑鞚� 臁办偓頃� 鞓堨爼鞚措┌, 2025雲� 鞐鞐� 鞁れ嫓霅� 鞓堨爼鞛呺媹雼�.
Captain 頂勲鞝濏姼電� 韽姼 靹胳澑韸� 鞝滌瀯鞀れ棎靹� 攵侅鞙茧 40韨氙疙劙, Mt. Milligan 甑Μ-旮� 甏戩偘鞐愳劀 雮鞙茧 30韨氙疙劙 霒柎歆� 瓿踌棎 鞙勳箻頃橂┌, N-S 氚╉枼鞙茧 5韨氙疙劙 旮胳澊鞚� 旮堨澊 鞖办劯頃� 韽ゴ頂茧Μ 鞁滌姢韰滌潉 韸轨鞙茧 頃╇媹雼�. 欷戩暀 T1 氇╉憸電� 0.20鞐愳劀 0.84 g/t鞚� 旮堦臣 0.05-0.11%鞚� 甑Μ毳� 韽暔頃� 旮�-甑Μ 甏戨頇� 鞓侅棴鞐愳劀 鞙犽頃� 瓴瓣臣毳� 氤挫棳欤检棃鞀惦媹雼�.
鞚� 攵�歆�電� Centerra Gold, IAMGOLD, New Gold鞕� 臧欖潃 欤检殧 靸濎偘鞛愲摛鞚� 欤茧硛 甓岆Μ毳� 欤检灔頃橁赴 鞙勴暣 甏�鞁潉 氤挫榾鞀惦媹雼�. 鞚� 頂勲鞝濏姼電� 鞕勳爠頌� 項堦皜霅橃棃鞙茧┌, 霌滊Υ毵� 欷�牍勱皜 鞕勲霅� 靸來儨搿�, 雼り皜鞓る姅 AirMT 臁办偓電� 觳搓硠鞝侅澑 霌滊Υ 韰岇姢韸鸽ゼ 鞙勴暅 鞝勲弰靹� 韽ゴ頂茧Μ 氇╉憸毳� 須臣鞝侅溂搿� 鞝曥潣頃橁赴 鞙勴暣 靹り硠霅橃棃鞀惦媹雼�.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) a annonc茅 des projets pour une enqu锚te a茅rienne MagnetoTellurique (AirMT) sur son Captain Gold Porphyry Project dans le centre-nord de la Colombie-Britannique. L'enqu锚te se concentrera sur l'objectif de conductivit茅 T-2, couvrant 18 lignes de 7,2 kilom猫tres de long, totalisant 157 kilom猫tres de lignes, pr茅vue pour l'茅t茅 2025.
Le projet Captain, situ茅 脿 40 kilom猫tres au nord de Fort St. James et 脿 30 kilom猫tres au sud de la mine de cuivre-or Mt. Milligan, pr茅sente un syst猫me porphyrique domin茅 par l'or dans un corridor de 5 kilom猫tres orient茅 N-S. L'objectif central T1 a montr茅 des r茅sultats prometteurs avec des zones de min茅ralisation or-cuivre affichant des teneurs de 0,20 脿 0,84 g/t d'or et de 0,05 脿 0,11 pour cent de cuivre.
La propri茅t茅 a attir茅 de grands producteurs, notamment Centerra Gold, IAMGOLD et New Gold, pour revendiquer les concessions environnantes. Le projet est enti猫rement autoris茅 et pr锚t pour le forage, avec la prochaine enqu锚te AirMT con莽ue pour d茅finir efficacement les objectifs porphyriques conducteurs pour des tests de forage syst茅matiques.
Orestone Mining Corp (TSXV: ORS) (OTC: ORESF) hat Pl盲ne f眉r eine luftgest眉tzte Magnetotellurische (AirMT) Untersuchung bei ihrem Captain Gold Porphyry Project im zentralen Norden von British Columbia angek眉ndigt. Die Untersuchung wird sich auf das Leitf盲higkeitsziel T-2 konzentrieren und umfasst 18 Linien mit einer L盲nge von 7,2 Kilometern, insgesamt 157 Linienkilometer, die f眉r den Sommer 2025 geplant sind.
Das Captain-Projekt, das 40 Kilometer n枚rdlich von Fort St. James und 30 Kilometer s眉dlich der Kupfer-Gold-Mine Mt. Milligan liegt, weist ein golddominantes Porphyrsystem innerhalb eines 5 Kilometer langen N-S-Korridors auf. Das zentrale Ziel T1 hat vielversprechende Ergebnisse mit Gold-Kupfer-Mineralisierungszonen gezeigt, die Gehalte von 0,20 bis 0,84 g/t Gold und 0,05-0,11 Prozent Kupfer aufweisen.
Das Grundst眉ck hat gro脽e Produzenten wie Centerra Gold, IAMGOLD und New Gold angezogen, die angrenzende Anspr眉che geltend machen m枚chten. Das Projekt ist vollst盲ndig genehmigt und bohrbereit, wobei die bevorstehende AirMT-Untersuchung darauf ausgelegt ist, leitf盲hige Porphyrziele f眉r systematische Bohrtests effektiv zu definieren.
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Vancouver, British Columbia--(Newsfile Corp. - March 13, 2025) - Orestone Mining Corp. (TSXV: ORS) (OTC Pink: ORESF) (FSE: O2R2) ("the Company") is pleased to announce that it is planning an airborne MagnetoTelluric (AirMT) survey to cover the partially defined, T-2 conductivity target at the Company's 100 percent owned Captain Gold Porphyry Project in North Central BC prior to the next drill programe. The project is located 40 kilometres north of Fort St. James and 30 kilometres south of Mt. Milligan, a large open pit copper-gold mine. The T-2 target is the southernmost target zone outlined on the property to date. The Company is obtaining contractor quotes and refining the parameters of the survey at this time. Initially the new survey will consist of 18 lines at 7.2 kilometres in length totalling 157 line kilometres and we expect to complete the program in the summer of 2025.
The Captain Project hosts a gold dominant porphyry style mineralized system occurring within a 5 kilometre long, N-S trending corridor of low resistivity defined by a 2022 AirMT survey (for larger maps ). Three targets occur at the intersection of interpreted northeast and northwest trending cross faults. This type of low resistivity feature is often related to large porphyry systems. Also gold rich porphyry systems such as Red Chris mine in northeastern British Columbia are typically strongly structurally controlled and are characterized by a narrow zone of multiple intrusive dyke phases widening at depth with a halo of copper-gold rich disseminated sulphides and quartz stock works overlying the dyke system.
Captain Project Low Resistivity Trend Plan View
To view an enhanced version of this graphic, please visit:
The T-2 anomaly is similar in intensity to the T-1 target. The central T1 target, an extensive 2 X 2 kilometre tabular zone of porphyry style alteration hosts zones of sericite-potassic-feldspar alteration containing gold-copper mineralization from 20-160 metres thick grading 0.20 to 0.84 g/t gold and 0.05-0.11 percent (500-1100 ppm) copper. Drill core logging has identified altered and mineralized porphyry dykes, both in the hanging wall and dipping into the observed MT conductor implying the presence of a potential intrusive porphyry system. It is thought to be highly probable that the next phase of drill holes will intersect a gold-copper porphyry intrusive system with mineralization similar to that found in the overlying dykes and volcanics.
David Hottman, Orestone's CEO, stated: "Orestone's property portfolio includes exploration exposure to gold, silver and copper in Canada and Argentina. The Company's primary asset is the 100 percent owned Captain gold-copper project in North Central BC which hosts a large gold dominate porphyry system; permitted and drill ready. The gold discovery potential of Captain has attracted large producers Centerra Gold, IAMGOLD and New Gold to stake claims almost completely surrounding the property. Earlier stage projects in the portfolio include the Las Burras copper-gold project and the Francisca gold-silver project. Both are earn-in options in Salta Province Argentina and provide scaled exploration exposure to the Company. Orestone employs advanced geological and geophysical techniques in our exploration programs and plans to complete an AirMT survey to cost effectively define the conductive porphyry targets so that they can be systematically drill tested. All of these high potential projects have a relatively low-cost profile to hold and explore and are suitable for exploration year-round. Orestone's exposure to gold, silver and copper projects could well reward shareholders should a large discovery be outlined."
The drill intercepts to date from Captain demonstrate a well mineralized system. Below are previously released results.
| Drill Hole | From | To | Interval m | g/t gold | % copper |
| C09-05 | 134.1 | 137.2 | 3.1 | 0.35 | 0.16 |
| C11-01 | 127.0 | 214.0 | 87.0 | 0.23 | 0.03 |
| incl | 127.0 | 170.0 | 43.0 | 0.30 | 0.09 |
| C12-03 | 179.5 | 246.5 | 67.0 | 0.13 | 0.06 |
| C12-05 | 88.1 | 206.9 | 118.8 | 0.65 | 0.06 |
| (1) | 88.1 | 206.9 | 118.8 | 0.30 | 0.06 |
| incl | 152.1 | 161.2 | 9.1 | 6.46 | 0.27 |
| C12-05 | 377.6 | 542.2 | 164.6 | 0.41 | 0.07 |
| (1) | 377.6 | 542.2 | 164.6 | 0.32 | 0.07 |
| incl | 499.5 | 505.6 | 6.1 | 4.45 | 0.51 |
| C13-02 | 32.4 | 66.4 | 34.0 | 0.20 | 0.07 |
| C13-02 | 121.3 | 170.1 | 48.8 | 0.35 | 0.06 |
| C13-03 | 204.9 | 207.9 | 3.0 | 1.90 | 0.23 |
| C19-03 | 271.0 | 295.0 | 24.0 | 0.27 | 0.09 |
| C19-07 | 112.0 | 203.3 | 91.0 | 0.26 | 0.07 |
| incl | 178.9 | 203.3 | 24.0 | 0.56 | 0.11 |
| C20-03 (2) | 247.0 | 329.0 | 82.0 | 0.23 | 0.11 |
| incl (2) | 309.0 | 329.0 | 20.0 | 0.50 | 0.19 |
| incl | 325.0 | 327.0 | 2.0 | 7.05 | 0.26 |
| C20-03 | 394.0 | 408.0 | 14.0 | 0.84 | 0.17 |
| C21-01 | 541.0 | 744.0 | 203.0 | 0.329 | 0.06 |
| C21-02 | 176.5 | 313.0 | 136.5 | 0.18 | 0.03 |
| and | 414.0 | 436.0 | 22.0 | 0.70 | 0.01 |
| and EOH | 608.0 | 611.0 | 3.0 | 0.76 | 0.05 |
(1) High gold values cut to 1.16 g/t gold
(2) Assay interval of 7.05 g/t gold cut to 1.80 g/t gold
Gary Nordin, P.Geo, a Director of the Company, is a qualified person as defined by National Instrument 43-101. Mr. Nordin has reviewed and approved the technical information in this press release.
Orestone Mining Corp. is a mineral exploration company headquartered in Vancouver, British Columbia. The Company's property portfolio includes exploration exposure to gold, silver and copper in Canada and Argentina. Orestone's near term objective on the Francisca gold property in Salta Province, Argentina is to define an oxide gold deposit mineable by open pit methods using low cost heap leach gold recovery. The Company's primary asset is the 100 percent owned Captain gold-copper project in North Central BC which hosts a large gold dominate porphyry system; permitted and drill ready. The Las Burras property optioned in Salta Argentina provides large scale copper exposure to the Company. All three projects are road accessible and suitable for exploration year-round. For more information, please visit Orestone's website at:
ON BEHALF OF ORESTONE MINING CORP.
David Hottman
CEO
For further information contact: David Hottman at 604-629-1929 [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release. This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.
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FAQ
What are the expected completion dates for ORESF's AirMT survey at Captain Gold Project?
What are the current gold-copper mineralization grades at ORESF's Captain Project T1 target?
Where is ORESF's Captain Gold Porphyry Project located and what major mines are nearby?
Which major mining companies have staked claims around ORESF's Captain Project?
What is the size of the mineralized corridor at ORESF's Captain Project?
